Banking on batteries in Chile
- Admin
- Sep 18, 2024
- 3 min read
In Chile, there is a significant increase in renewable electricity curtailment leading to a surge in hybrid projects. Solar generation capacity has doubled since 2020 but strains the electricity transmission network. Demand for storage solutions is growing with substantial solar capacity in the north. The country experiences a battery boom due to lower costs and capacity mechanisms in place for storage assets. Companies like AES and Enel are investing in solar and storage projects to address curtailment issues and create flexible portfolios.
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